MJ5percent.jpgMichael Jackson's estate just signed a massive recording deal with Sony Music Entertainment for a reported $200 million. The history-making contract will cover ten projects over the next seven years.

The deal, that will run through 2017, will include a re-release of Michael's Off the Wall album and a new album with unreleased songs due out in November. Other projects will include a DVD compilation of videos, a video game and a two-disc album of the recordings from This Is It.

Rob Stringer, chairman of Sony Music’s Columbia Epic Label Group, released this statement:
    “We’re dedicated to protecting this icon’s legacy and we’re thrilled that we can continue to bring his music to the world for the foreseeable future.”


If you include royalties on the MJ merchandise as well as projected music sales, this deal could net the estate more than $300 million. Cha-ching!